Bitcoin Cash 4 Hour Price Update
Updated June 22, 2020 11:19 PM GMT (07:19 PM EST)
Bitcoin Cash came into the current 4 hour candle up 0.07% ($0.17) from the open of the last 4 hour candle, marking the 6th candle in a row it has gone up. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the last 4 hour candle.
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 1.12% ($2.61) from the open of the day prior, marking the 4th day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 44.58% from the day before — and down 46.87% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the day prior. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Notably, the current price of Bitcoin Cash is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For another vantage point, consider that Bitcoin Cash’s price has gone down 17 of the previous 30 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From TheRealXinxi:
I’ve been receiving someone’s emails saying Bitcoin cash is better than Litecoin because it has “Bitcoin” in its name. Well, how about Bitcoin Trash? I don’t see how Bitcoin cash differs from Bitcoin Trash much. Litecoin has a legit brand and is not trying to steal something.
- From pokkst:
There’s a Bitcoin Core 2.0 situation happening within Bitcoin Cash right now and it’s quite sad to see.
- From BitcoinMacGyver:
@rogerkver Not all Americans.
Not all Cops
Not all Muslims.Random rogue arseholes the world over.Oh, and Bitcoin Cash is not Bitcoin.Just another shitty operator going rogue for their own gain.
As for a news story related to Bitcoin Cash getting some buzz:
Research shows mining meme coin DOGE is more profitable than Bitcoin Cash and others | CryptoSlate
However; high fees do not mean a positive for a blockchain network….More than 99% of all blockchain fees are paid to Bitcoin and Ethereum miners….Ask another person and they’ll tell you low fees are desirable because they provide users with greater access to block space.” Meanwhile, transaction fees on Bitcoin fell below $1 last week, as CryptoSlate reported….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events.
